Bitcoin and Ethereum Whales Are Dumping Coins at A Loss, Will Support Level Hold?

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DeFi protocol UniLend Finance exploited for $197,000

Decentralized finance protocol UniLend Finance has reportedly been exploited on Ethereum, leading to a loss of roughly $197,000 worth of assets. On Jan. 12, real-time web3 security startup TenArmorAlert reported that an attacker exploited UniLend’s “redeem process” by manipulating a…

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UAE’s M2 crypto exchange hacked for $13.7M, assures full fund recovery

M2, a UAE-based crypto exchange, experienced a significant security breach that resulted in the loss of $13. 7 million in digital assets. In a Nov. 1 statement, the exchange disclosed that the incident occurred on Oct.

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Fenbushi Capital sells $5.14m in crypto assets at a loss

Fenbushi Capital, Asia’s first blockchain-focused venture capital investment firm, has incurred losses after selling several cryptocurrencies. On Oct. 1, Lookonchain shared on-chain details showing that Fenbushi Capital had recently faced losses of up to 90% in some coins. The platform…

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Binance Denies Ownership Of WazirX Amidst $230M Security Breach Controversy

The ongoing dispute between Binance and WazirX has taken a dramatic turn following a major security breach at WazirX in mid-2024, leading to the loss of approximately $230 million in crypto assets, almost half of the platform’s reserves.

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WazirX seeking partnerships to recover from $230 million hack

India-based centralized exchange WazirX seeking partnerships to restore full operations following a significant exploit that resulted in the loss of nearly half its assets. The exchange’s co-founder, Nischal Shetty, shared the development in a social media post on July 23 and notified users that it is working on a solution to help restart its services.

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How a Blur Phishing Scam Cost One Investor $240,000 in NFTs

Discover the shocking Blur phishing scam that resulted in a substantial loss of NFTs: find out how to safeguard your digital assets from similar attacks. The post How a Blur Phishing Scam Cost One Investor $240,000 in NFTs appeared first on NFT News Today.

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Multichain ordered to compensate Fantom Foundation $2.18M

The High Court of Singapore has ordered that the Multichain Foundation, a prominent cross-chain router protocol, compensate the Fantom Foundation, a leading layer-1 platform, with $2.18 million. This ruling follows a devastating Multichain hack in July 2023 that resulted in the loss of over $210 million in assets across various chains. The Multichain hack impacted […]

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MakerDAO delegate’s $11M in tokens stolen in phishing scam

The user fell victim to the phishing scam after signing multiple phishing signatures, which resulted in the loss of their digital assets.

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Kraken faces extortion after $3 million crypto bug exploit

Cryptocurrency exchange Kraken recently revealed that a security vulnerability led to the loss of $3 million worth of digital assets. This incident involved a self-proclaimed security researcher who identified a critical bug, subsequently exploited by related accounts to siphon funds.

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Crypto Exchange FixedFloat Suffers Second Security Breach With $2.80 Million Lost

FixedFloat suffered another hack, resulting in a $2.8 million loss. Despite this, the crypto exchange reassures users that their assets are secure, thanks to its non-custodial nature. The post Crypto Exchange FixedFloat Suffers Second Security Breach With $2.80 Million Lost appeared first on BeInCrypto.

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What is Shamir backup? A shield against theft and loss

The official blog for Trezor, the world’s first hardware wallet. All you need to keep your digital assets safe. - Medium

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Fantom Launches Recovery Plan For Funds Lost In Multichain’s $200M Exploit, FTM Soars

The Fantom (FTM) Foundation has taken decisive steps to recover assets lost in the Multichain exploit that devastated various chains, including its own, resulting in a staggering $210 million loss. After failed attempts to engage with the Multichain Foundation, the Protocol has announced that it filed a lawsuit for “breach of contract” and “fraudulent misrepresentations.

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Binance user loses $70k in hack, support says email provider to blame

A crypto trader known as “DoomXBT” has detailed an alarming security breach on their Binance account, leading to a significant loss in digital assets. DoomXBT experienced a loss of $70,000 in digital assets after noticing unauthorized activity on their account.…

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Justin Sun’s linked crypto exchange HTX resumes BTC transactions after hack

Cryptocurrency exchange HTX has reinstated deposits and withdrawals of Bitcoin (BTC) after the initial halt. The Justin Sun linked exchange halted the transactions following a hack last week, resulting in a loss of about $30 million worth of digital assets.

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High Volume Gainers: Ordinals and Celestia surge as investors eye innovation in digital assets

Price movements among high-volume tokens over the past 24 hours have seen several tokens outperform Bitcoin and Ethereum, which saw a 0. 45% loss and 0. 05% gain, respectively, by some margin. Leading the pack with remarkable gains, Ordinals (ORDI) and Celestia (TIA) have showcased impressive surges, highlighting the ever-evolving landscape of digital assets.

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Crypto Resurgence Triggers $200 Billion Loss In ‘Magnificent Seven’ Tech Shares

The crypto market is currently experiencing a significant upswing, with cryptocurrencies collectively gaining $1.3 trillion in market capitalization over the past week. This surge in enthusiasm for digital assets coincides with the imminent approval of a spot Bitcoin Exchange-Traded Fund (ETF) in the United States, providing a major boost to the entire crypto ecosystem. As […]

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Platypus Finance announces 90% of assets lost in exploit recovered

Platypus Finance, a decentralised finance (DeFi) protocol on the Avalanche blockchain, has announced the recovery of 90% of assets stolen after a recent security breach. Platypus Finance recovers 90% of stolen funds An October 17 statement the protocol’s team posted on X noted that after this leaves its net loss from the flash loan attacks […] The post Platypus Finance announces 90% of assets lost in exploit recovered appeared first on Invezz.

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Inside Job Suspected As Huobi Wallet Falls Victim To $263,000 Exploit

According to multiple reports, iToken, formerly known as Huobi Wallet, fell victim to a crypto heist in the last week, leading to the loss of $263,000 worth of users’ assets. The incident draws much attention following recent police investigations into some of Huobi’s former staff.

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Mixin network loses $200M in attack of its cloud provider

Decentralized protocol Mixin Kernel reported a loss of approximately $200 million in digital assets due to a security breach at an unnamed cloud services provider. The breach occurred on Sept. 23 and was confirmed in a Sept.

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DeFi protocol Balancer suffers $240k loss in front end compromise spurred by DNS attack

Around $240,000 worth of digital assets have been stolen through a frontend compromise of DeFi protocol Balancer, according to blockchain security firm Peckshield. Earlier today, Balancer confirmed that its front end was under attack and urged users to avoid interacting with the interface until further notice.

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Mark Cuban Got Hacked: The Inside Story of a $1 Million Loss

Billionaire investor Mark Cuban was the victim of a wallet hack yesterday that saw the hacker steal around $870,000 worth of assets from him. The post Mark Cuban Got Hacked: The Inside Story of a $1 Million Loss appeared first on BeInCrypto.

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Everlasting - Securing Timeless Value On-chain

Paul Salisbury is the co-founder of Everlasting, a digital currency hybrid custody initiative founded in New Zealand. Everlasting provides users with sovereignty over their assets while mitigating risks such as hacks or loss of funds.

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Crypto Whale Suffers $24 Million Loss In Phishing Attack

The crypto space still presents risks like scams, hacks, rug pulls, etc. In another troubling event, a crypto whale lost over $24 million worth of assets in a massive phishing scam.  In this case, the victim address is regarded as a major liquidity provider on the Uniswap Decentralized Exchange (DEX), supplying over $1.6 million worth […]

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DeFi Lender on Optimism Suffers $7M hack, another reminder why Bitcoin Spark is the safest investment

The DeFi lending system experienced a security issue on the Optimism layer-2 network, leading to a loss of around $7 million in assets. Blockchain security firm Peckshield said a hacker gave 200 WBTC to change the exchange rate for hWBTC.

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Ether whale dumps $41M days before the market crashed

A crypto trader holding 22,341 ETH sold the assets days before the market crash, avoiding a potential loss of over $5 million.

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Curve Finance Retrieval: 70% Of Hacked Funds Recovered, Distribution In Sight

The liquidity pools of Curve Finance were recently subjected to an exploit, leading to a significant financial loss. Although around 70% of the missing assets have been successfully recovered, the level of interest from investors motivated by the crisis has been declining as Curve resumes its regular activities.

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Insider Job? Chainalysis Report Suggests Multichain Attacker Had Inside Connections

On July 6, 2023, the Multichain Protocol was hit by a massive hack, resulting in the loss of over $125 million worth of cryptocurrency. The attack targeted the protocol’s Fantom bridge, resulting in the theft of valuable crypto assets like WBTC, USDC, DAI, wETH, and Link.

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XRP Traders Show Capitulation, Why This Could Be Bullish

On-chain data shows that XRP traders have been selling at a loss recently, unlike investors of the other top assets. Here’s why this can be bullish for the coin. XRP Loss Transactions Have Outweighed Profit Ones Recently According to data from the on-chain analytics firm Santiment, XRP has differed from the rest of the top cryptocurrencies in terms of the loss-taking behavior of the investors.

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Hashflow promises total compensation to users amid $600k exploit

Crypto trading platform Hashflow has announced its commitment to reimbursing users impacted by an exploit that led to the loss of more than $600,000 in digital assets from the platform.

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Top 4 Most Recent Crypto Black Swan Events (Scandals)

In recent months, a number of “black swan” incidents have shaken the cryptocurrency space, resulting in the loss of billions of dollars in investor assets. The top 4 most recent events are listed below: TerraUSD’s Demise The TerraUSD (UST) stablecoin crashed in May 2022, wiping out investor cash worth billions of dollars. Due to the […]

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Atomic Wallet exploited, users report loss of entire portfolios

Several users have reported losses of crypto assets, claiming funds held on the Atomic Wallet app vanished.

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The world’s first comprehensive framework for crypto regulation has been approved by lawmakers in the EU.

The European Parliament has passed a comprehensive set of regulations aimed at the cryptocurrency industry, making it the first of its kind in the world. The legislation, known as the Markets in Crypto Act or MiCA, aims to reduce risks for consumers purchasing crypto assets by holding providers liable for any loss of investors’ crypto-assets.

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Staking ApeCoin [APE] on NFT pools could lead to BAYC loss, as per...

BAYC and ApeCoin holders risk losing their assets while staking. APE's circulation has been increasing while BAYC's volume has not been impressive. In a tweet to the ApeCoin [APE] community,The post Staking ApeCoin [APE] on NFT pools could lead to BAYC loss, as per... appeared first on AMBCrypto.

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Major Bitcoin ATM Maker Hacked, Over $1.5 Million In BTC Stolen

Bitcoin ATM maker General Bytes has become the latest victim of a cyber attack, with the company announcing a loss of $1.5 million in digital assets. The breach occurred Friday, and has dealt a heavy blow to one of the biggest producers of Bitcoin ATMs in the industry, boasting over 9,000 units to its name. […]

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HedgeUp (HDUP) Impressive Expansion Outpaces Chain (XCN) And Balancer (BAL)

HedgeUP (HDUP) is the first cryptocurrency with NFT Alternative Marketplace. This means you can infuse in alternative assets worldwide and earn unique opportunities to maintain your yield and loss balance.

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Hut 8 Mining swings to adjusted EBITDA loss in its fiscal Q4

Hut 8 Mining reports disappointing results for its fiscal Q4. Digital assets mined this quarter was also down year-on-year. Wall Street currently has a consensus overweight rating on HUT. Hut 8 Mining Corp (TSE: HUT) is trading down this morning after reporting disappointing results for its fourth financial quarter.

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Silvergate Halts Crypto Payments After Suffering $1 Billion Loss

Silvergate Capital has pulled the plug on its Silvergate Exchange Network (SEN) after the bank specializing in digital assets voiced questions about its viability. SEN, the bank’s platform for crypto payments, is one of its most popular services.

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Fetch.ai (FET) Gains By 4% Amidst General Market Loss

The crypto market has been rather turbulent in the past few days, with most assets recording slight losses. However, within the same period, a few cryptocurrencies like Fetch. ai (FET) have maintained a positive price pattern, generating some gains for their investors.

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DCG Lost Over $1 Billion In 2022 Due To Crypto Market Crash: Report

The crypto winter of 2022 affected many firms, digital assets, and investors. The fall of crypto asset prices led to massive losses for many participants. Fast-forward to 2023, some firms still struggle to survive the aftermath of last year’s revenue loss.

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Crypto Conglomerate Digital Currency Group Reports Loss of $1.1B in ‘Challenging’ 2022

DCG held cash and cash equivalents of just $262 million at the end of 2022, while investment assets amounted to $670 million.

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DappRadar Reports Shows Over 59% Loss in Ethereum NFT Market Cap

All sectors of the crypto and NFT industry were heavily impacted by the 2022 bear market. Many crypto assets, including Bitcoin, fell declined drastically within that period, reflecting the adverse effect of the bearish trend.

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MicroStrategy continues trading bitcoin despite a $1.3b paper loss

MicroStrategy, a software analytics company, reported a paper loss of $1.3 billion on its bitcoin (BTC) holdings in 2022. However, it stated that it would continue trading digital assets.  MicroStrategy’s 2022 Q4 impairment charges During a 2022 Q4 and year-end…

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Hackers Take Over NFT Project Azuki’s Twitter Profile, Steal Over $750K Worth Of Asset

The Twitter account of top non-fungible token (NFT) project, Azuki, was compromised on Friday, resulting in the loss of over $750,000 worth of crypto assets. Following a takeover of the project’s account yesterday afternoon, hackers posted a wallet drainer link disguised as an invitation for users to participate in a virtual land mint in The […]

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Silvergate sold assets at loss to cover withdrawals, laid off 40% of workers

The collapse of FTX sparked a bank run on Silvergate, forcing the financial institution to sell assets at a steep loss to cover some $8.1 billion in withdrawals.

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Silvergate sold assets at loss and cut staff to cover $8.1B in withdrawals: Report

Silvergate has reportedly laid off 200 members of its staff, which is around 40% of its total number of employees.

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Bitcoin Price Plays Catch-Up With Altcoins, Why $28,000 Is A Key Level

The Bitcoin price is finally seeing some profits, but it seems weak compared to other crypto assets. The macroeconomic environment is waking up, shaking things across all asset classes.   Related Reading: Ethereum Stakers In Massive Loss As 80% of Staked ETH Is In The Red As of this writing, the Bitcoin price trades at $16,800 with sideways movement in the last 24 hours.

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Oryen Network Hold-To-Earn Culture Attracts Polygon And Solana Adherents

DeFi and crypto assets have allowed market participants to become global entrepreneurs and access yield-generating strategies typically only available to hyper-capitalized players in TradFi. Staking remains one of the best passive income plays because it only involves a single asset and possesses no risk of impermanent loss.

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CryptoSlate Wrapped Daily: Binance to set up blockchain team for Twitter after $500M investment; Terra collapse sparked BTC supply growth

The biggest news in the cryptoverse for October 28 includes Binance making a $500 million contribution to Elon Musk’s Twitter deal, Ethereum outperforming other Layer-1 networks, deBridge introducing a new standard for cross-chain transfers, and Wisdom Tree recording a loss of about 36% in crypto assets in the third quarter.

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